The Travelers Companies Inc. announced that Greg Toczydlowski, executive vice president, has been promoted to president of Business Insurance.
Toczydlowski most recently served as executive vice president and president, Small Commercial, Business Insurance Technology and Operations. Since joining Travelers in 1990, he has held numerous positions in systems, finance, underwriting, product, marketing and business development. He previously served as president of Personal Insurance.
Alan Schnitzer, chief executive officer of Travelers, called Toczydlowski a “proven and strategic leader” whose experience and track record make him “uniquely qualified” to lead the insurer’s largest business.
Travelers also announced the retirement of Doreen Spadorcia, vice chairman, Technology, Claim Services, Operations and Risk Control, and CEO of Personal Insurance and Bond & Specialty Insurance, after 30 years of service, effective September 1. She also has oversight of Analytics, Customer Experience, Marketing, eBusiness and Special Liability Group.
Since joining the company, Spadorcia has led several businesses and initiatives. She has been a member of the Management Committee since 2005, when she was appointed to lead Claim Services. Spadorcia spearheaded the creation of Travelers’ state-of-the-art training facility, Claim University, and developed a company-wide catastrophe response model that transformed the way Travelers mobilizes around large-scale disasters. She was named CEO of Personal Insurance in 2009 and CEO of Bond & Specialty Insurance in 2014. She has also served as a director of the Travelers Foundation.
Schnitzer called Spadorcia an “outstanding leader whose contributions to the company have been profound.”
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